Budget revenue meets nearly 92% of year's estimate

In the last month, budget income of the January-September period was posted at over VND636 trillion (US$29.9 billion), meeting 81.3% of the year's estimate.

The report showed that in the ten-month period, revenue from domestic sources reached 90% of the target of the full year, a 16.5% increase compared to the corresponding period last year and revenue from import-export activities met 92.2% the estimated figure of the whole year, up 14.4% over the same period last year.

In the meantime, the revenue from crude oil equalled 104% of the year's estimate, a year-on-year increase of 1.9%.

According to the Finance Ministry, budget spending in the period was over VND853.6 trillion (US$40.1 billion), equivalent to 84.8% of the year's estimate, resulting in an overspending of over VND134.1 trillion (US$6.3 billion), equivalent to 59.9% of the whole year's estimated number.

By October 20, the State Treasury had issued more than VND221.2 trillion (US$10.4 billion) worth of Government bonds, meeting 74.4% of a targeted figure to compensate for budget overspending and for other investment purposes.

(Source: Nhandan Online)